I seriously think ULIPs ought to be called Unit “Loss” Investment Plans. I am yet to come across someone who has actually made money off a ULIP. A recent comment on one of the other posts reads — “My wife had taken a ULIP from Bajaj Allianz 5-years back and the first year charges were […]
Regular readers already know that I’m not a fan of the messy Sodexo Meal Vouchers. Even as recently as a few days back, paying at a department store using these paper vouchers turned out to be a 15-minute nightmare with counting, recounting, tallying, re-tallying, sorry can’t give you the change but do you want these […]
For the March book giveaway, Manish Chauhan of Jago Investor fame (both the blog and the book) has been kind enough to sponsor a copy of his recently launched book on personal finance to one lucky winner. I decided to match a copy as well. Manish also asked me to post a review the book […]
Every kilometer traveled in the Swift increases happiness and satisfaction with life. Looking back, mine has grown exponentially.
Quietly tucked away at the bottom of my credit card statement was this Cash Back offer from HDFC Bank on their credit cards. I opted for the 1.5% cash back on Apparel and Department Store purchases. Having read the terms and conditions, I think this cash back in on top of any reward points earned […]
I seem to be writing quite a bit about insurance of late. But I’m also seeing quite a number of absolutely “WTF?” insurance products of late. For example, see this piece on Birla Sun Life’s Classic Child Plan — To quote — This joint-life, unit-linked, children’s plan covers both the child and the parent. Later, […]
I happened to see the below ad for a 5-Year Tax-Saving Fixed Deposit from Canara Bank. Whenever I see such calculations for a financial product, my first instinct is to try and figure these out by myself. Upon a first and casual glance, the ad seems to boldly project that everyone who invests would get […]
Read elsewhere — Risk is typically measured as the variability of returns. Thus, a bank fixed deposit with sure shot 10 percent returns versus a mid-cap stock that could return 30 percent or lose 10 percent have very different risk-return profiles. I also happened to read an interview with the CEO of a life insurance […]
Well, how about that! I’m actually seeing a decrease in my FMP’s NAV. From 10.0000 to 9.9961! I recently reinvested the proceeds from one of my matured Fixed Maturity Plans into another Fixed Maturity Plan of equivalent tenure but from a different fund house. A few days later, when I checked the NAV I found […]
I was reading this ad for Bajaj Allianz Cash Rich Insurance Plan (in a recent issue of a personal finance magazine) when something about the calculations just didn’t seem right. In fact, they smelt downright fishy in painting a rosy picture of your retirement facilitated through this policy. I wanted to figure out who’s actually […]